Any out-of-state savings bank that meets the requirements of this Article may establish a branch within North Carolina either by (i) de novo entry; (ii) the purchase of an existing branch; (iii) the purchase of all or substantially all of the assets of a State savings bank located in North Carolina; or (iv) merger or consolidation.
N.C. Gen. Stat. § 54C-201
Establishment of branches by out-of-state savings banks
Known as the North Carolina Savings Bank Interstate Branch Act
The act spans §§ 54C-199 to 54C-212 (14 sections).
1993, c. 191, s. 3.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.